COMMONWEALTH KITCHEN INC (EIN 270648497) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

JENNIFER FAIGEL

Phone

6175227900

Tax Period

2023-01-01 to 2023-12-31

COMMONWEALTH KITCHEN INC, founded in 2009, is a community nonprofit in the Community Improvement sector that reported $6.2M in total revenue in fiscal year 2023. Expenses of $5.8M left a modest 7% surplus.

Mission

TO CREATE AND GROW DYNAMIC FOOD-BASED BUSINESSES & CAREERS, PARTICULARLY FOR THOSE IMPACTED BY RACIAL, SOCIAL, AND ECONOMIC INEQUALITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,951,542

Program Service Revenue $1,769,564

Investment Income $0

Other Revenue $527,676

TOTAL REVENUE $6,248,782

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,635,095

Fundraising Expenses $333,633

Program Expenses $3,015,739

Other Expenses $4,156,084

TOTAL EXPENSES $5,791,179

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,248,782	$6,158,678	+0.0%
Expenses	$5,791,179	$4,491,776	+0.3%
Net Income	$457,603	$1,666,902	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LESLEY DELANEY HAWKINS	CHAIR	1.00	Officer Director	$0	$0	$0
SHELDON LLOYD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ANTOINETTE COAKLEY	SECRETARY	1.00	Officer Director	$0	$0	$0
HELENE SOLOMON	TREASURER	1.00	Officer Director	$0	$0	$0
KARA FAGAN	DIRECTOR	1.00	Director	$0	$0	$0
MAGNOLIA CONTRERAS	DIRECTOR	1.00	Director	$0	$0	$0
RAUL FERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
JASON ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER FAIGEL	EXECUTIVE DIRECTOR	40.00	Highest	$200,000	$0	$200,000

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$6,248,782	$5,791,179	$14,681,256	$457,603
2023	$6,270,782	$5,853,679	$14,681,256	$417,103
2022	$6,158,678	$4,721,759	$14,515,877	$1,436,919
2021	$6,037,848	$3,869,209	$6,037,148	$2,168,639
2020	$4,937,694	$3,599,054	$3,872,469	$1,338,640
2019	$2,916,415	$2,691,550	$1,783,422	$224,865
2018	$2,528,580	$2,213,941	$1,516,237	$314,639

COMMONWEALTH KITCHEN INC